US group to invest $120M in pulp, paper mills

Photo: Verso Corp

US group Verso Corp. has unveiled plans to invest some $120 million in three of its pulp and paper mills.


Among others, the company is aiming to expand the product range of its Androscoggin mill in Jay, in the US state of Maine, whose production ca-pacity is to be increased, according to the information obtained by local daily The Portland Press Herald/Maine Sunday Telegram.


For the second quarter of 2019, Verso Corp. reported net sales of $602 million, down $42 million compared with the same period a year earlier, as shown by data from the business.